iCrowd Newswire
20 Mar 2023, 23:02 GMT+10
The global hearables market size reached $69 billion in 2022, according to a new report by GlobalData Plc. Hearables are ear-worn connected devices designed for communication, health and activity monitoring, and real-time information services. These devices can be controlled by tap/touch or voice by connecting to smartphones, smart TVs, and other smart devices via Bluetooth or Wi-Fi, and generally feature digital assistants such as Alexa and Siri for real-time voice-based communication. Technological advancements enabling the miniaturization of smart earbuds will plummet the adoption of hearables over the forecast period.
Hearables Market Overview 2022-2026 ($ Billion)
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Hearables Market FAQs
The hearables market size was $69 billion in 2022.
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Hearables Market Dynamics
The first hearables appeared in 2014, but the 2016 launch of Apple's AirPods brought the devices to mainstream attention. The launch coincided with Apple's decision to remove the iPhone's headphone jack, forcing users to either buy an adapter for wired headphones or invest in wireless earbuds. Hearables are upgrading at a rapid pace due to advancements in supportive technologies such as customized silicon chips, AI-enabled conversational platforms, and improved batteries. Furthermore, the availability of some other prominent features such as active noise cancellation and enhanced cybersecurity are making hearables a viable choice for the modern consumers.
However, hearables have limited capacity to store the data they generate. Thus, vendors store users' data, such as location, health metrics, app activity, and conversations, on cloud servers. This stored data is open to potential misuse by advertisers and vendors. The regulations mandate hearables vendors to have transparent privacy policies that stipulate the purpose and use of user-generated data. Furthermore, COVID-19 has also impacted the hearables market growth as the lockdowns in China in early 2020 delayed the production of new devices.
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Hearables Report Highlights
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Hearables Market Scope
GlobalData Plc has segmented the hearables market report by price range and region:
Hearables Price Range Outlook (Revenue, $Million, 2019-2026)
Hearables Regional Outlook (Revenue, $Million, 2019-2026)
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GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision-makers to predict and navigate the future. GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on us for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
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